UK Treasury officials are reportedly considering retaining a significant portion of the 61,000 bitcoins seized from Chinese fraudsters in 2018 to address fiscal shortfalls. However, authorities have warned against incorporating these assets into fiscal planning due to the potential for a protracted legal battle. The Metropolitan Police confirmed the bitcoins were seized from an investment fraud scheme that affected 128,000 victims, primarily Chinese nationals seeking restitution.
A civil recovery case is set for early 2026, with the possibility of appeals extending the resolution to 2027. Experts also warn that liquidating such a large amount of BTC could have a substantial impact on the market price, further complicating the situation.
UK Officials Caution Against Using Seized 61,000 BTC for Fiscal Needs
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